[clevernapkins]

It seems they are charging ~.5% on top of whatever Vanguard charges, whose own expenses are typically around .3%.

For the general case it probably makes more sense to just invest in Vanguard directly. The downside is that people would have to do their own research in regards to asset allocation. But imo that endeavor would be worth it seeing how these accounts will be around for potentially decades.

[Evbn]

Vanguard will tell you exactly how to allocate: in the retirement 20xx fund for the year you want cash.